Northwire Canada EditionMonday, November 2, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results

Strathmore Continues to Advance Agate Project with 2026 Drilling Program

Strathmore Clears $650K Debt via Dilutive Share Issuance as Agate Drilling Resumes

By The Northwire Desk — AI Analysis Mar 31, 2026 · 05:01 SUU · 0.18 Strathmore Plus Uranium Corp.
Executive Summary
  • Strathmore announced the commencement of its 2026 drilling program at the Agate Project in Wyoming, targeting up to 50 holes starting the week of April 13.
  • The company executed a debt settlement agreement for $650,000 in outstanding obligations, to be satisfied by issuing 3,250,000 common shares at a deemed price of $0.20 per share with no attached warrants.
  • $339,000 of the settled debt was owed to officers, representing a related-party transaction settled with 1,695,000 shares.
  • Assay results from 20 cored intervals drilled in 2025 are expected in mid-April 2026.
  • The 2025 program completed 45 holes with a ~95% mineralization hit rate, extending the northern Lower Sand trend by over 1,200 ft and the southern Middle Sand trend by 500 ft.
  • The release reiterates plans to secure a Plan of Operations (POO) permit to expand drilling beyond the current 5-acre disturbance limit.
Material Impact
  • The drilling update is a direct continuation of previously stated exploration plans and does not introduce new geological data or resource estimates.
  • The debt settlement removes a near-term liability and improves the balance sheet, but the issuance of 3.25M shares at $0.20 represents dilution at a premium to the current trading price of $0.18.
  • The related-party component ($339k) indicates management is absorbing some financial risk, but it also highlights ongoing cash constraints.
  • Overall, the news is expected and operational. It maintains project momentum without altering the fundamental risk/reward profile. The impact is neutral, leaning slightly negative due to dilution and lack of immediate catalysts.
SUU · Price
Company Overview
  • Strathmore Plus Uranium Corp. is an early-stage uranium exploration company focused on the Powder River Basin in Wyoming.
  • Flagship asset: Agate Project, comprising 124 wholly owned lode claims (~2,560 acres).
  • Geology: Shallow uranium roll-front deposits at 20-150 ft depth, historically mined by Kerr-McGee in the 1970s.
  • Strategic location: Adjacent to active and advanced projects operated by Cameco, Uranium Energy Corp (UEC), and UR-Energy.
  • Status: Pre-resource exploration phase, transitioning from trend extension drilling to grade verification and potential resource estimation.
Read the original news release →

More from Strathmore Plus Uranium Corp.

Jun 24, 2026 · 05:01

Strathmore Announces Drilling Plans for Beaver Rim in the Prolific Gas Hills District

Drill Results Jun 16, 2026 · 05:01

Strathmore Expands Agate Project Area as Drilling Program Exceeds Expectations

Drill Results May 20, 2026 · 11:43

Strathmore Confirms 85% Mineralization Hit Rate at Agate

Drill Results May 05, 2026 · 05:01

Strathmore Drilling Confirms Agate Trend Potential While Dilution Risks Linger

Drill Results Apr 14, 2026 · 05:02

Strathmore Advances Wyoming Drilling Amidst Capital Consolidation and Debt Settlement

Production / Operations Mar 04, 2026 · 16:06

Strathmore Announces Closing Private Placement for Gross Proceeds of $1,100,000

Financings